Elon Musk’s favorite Dogecoin is setting new records! Will the rebound continue? How does the data impact DOGE?DOGE analysisBitcoin approaches $69,000 mark, Dogecoin (DOGE) hits all-time highAs Bitcoin (BTC) steadily moves towards an all-time high of $69,000, it managed to surpass the $64,000 mark overnight. In this round of gains, many altcoins have also been boosted, with Dogecoin (DOGE) performing the most eye-catchingly.Dogecoin hit a new high of $0.12 yesterday, standing above this price level for the first time since November 2022. Not only that, DOGE has risen as high as 45% in the past seven days, showing amazing market vitality.Currently, DOGE’s trading price is stable at $0.127, ranking among the top in the cryptocurrency market and becoming one of the focuses of investors’ attention.It is worth mentioning that while the spot market has reached a new high, the futures market of Dogecoin has also ushered in a new milestone. According to statistics, the amount of open positions in DOGE futures has surged by more than 54% since Wednesday, breaking a record of US$1 billion in one fell swoop.Market analysts said that the significant increase in open positions indicates that new or additional funds are flowing into the market, providing momentum for DOGE to rise further.In addition, analysts also pointed out that 70% of investors currently hold long positions in DOGE. This data undoubtedly proves the market’s optimistic expectations for the future trend of DOGE.However, analysts also warned that DOGE's relative strength index (RSI) has reached "overbought" levels, which could signal a possible trend reversal in the market in the short term. While investors are chasing the rise, they also need to be wary of potential risks. I like spot goods and want to raise funds together to stock up on spot stocks in the bull market.Click on the avatar, follow me, face the fans, my bull market strategy layout, share for free, become a free blogger, just to increase fans.I need fans, you need references. Daily contract honey horse, free sharing of spot passwords
